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Post by traderdennis on Jan 17, 2019 20:15:30 GMT -5
They could, but they won’t. It is extremely naive to think otherwise. Also, if the share price is not above 1.60 by next December, we are screwed. Getting those shares back is not good at all because the company will be in an even bigger cash crunch and forced to dilute or worse with an even more horrible deal. Interesting, awesomo. The warrants aren't publicly tradable, are they? So are you saying if the price gets to $2.20 for example, in February, that some warrant holders might not want to exercise at $1.60, sell their resultant shares for $2.20, make a large percentage profit in a short time, be done with MNKD for at least a while, and look around for the next deal? They could always short the number of shares for which they hold warrants at $2.20 (I understand that MNKD stock is known to be shorted from time to time). Am I being extremely naive? It's surely possible I am, of course. While some might, the warrant holder could sell short immediately at $2.20, guarantee 60 cents profit and possibly more if the price tanks. They would also likely layer their sales over a longer period of time since moving millions of shares on a single would cause slippage in the stock price. the warrant holder would more likely sell a $1.50 or $2.00 future call option for a premium amount larger than 60 cents. If the price goes down the option would expire worthless and then rinse and repeat.
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Post by agedhippie on Jan 17, 2019 21:18:38 GMT -5
Interesting, awesomo. The warrants aren't publicly tradable, are they? ... The MNKD warrants are not listed on NASDAQ, but they can be traded since they are yours to sell. In this case the number of holders is under 400 so they cannot be listed on NASDAQ and end up in the OTC market. I trade warrants from SPAC deals, but try to avoid OTC listed warrants because of liquidity issues. If you wanted to buy a big enough block a broker could hunt them down for you, although probably not a retail brokerage.
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Post by sellhighdrinklow on Jan 17, 2019 22:12:40 GMT -5
The usual naysayers are on this thread which is fine. 27- million shares at 1.60...fine....how many shares traded back in October 2017 to bring MNKD up to $6.80something before the $6 offering? It was a significant multiple of 27 million ..
The market for Afrezza is beyond huge. Wall Street is playing lots of games here knowing full well Afrezza's potential$$$$ MNKD is not going away and it's just a matter of time before all of us longs make big, big $$... depending on shares in one's account of course.
I've said this before and I'll mention it again. When I first started on my Dexcom many years ago...7...-8--years?...can't recall...DXCM stock was $4.35+/-. I almost bought but didn't. I was a Dexcom user and still am. 2-years later DXCM was trading at $45. Where is it now? Take a look. ... I told a friend then when dxcm was $45), wouldacouldashoulda! I knew Dexcom was a game changer but didn't buy any. DUMB!
Read the tea leaves. The ultra, ultra-silver-tongued naysayers are here to try and make these Wall Street criminals their millions$$$.
JMHO!
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Post by longliner on Jan 17, 2019 22:29:47 GMT -5
The usual naysayers are on this thread which is fine. 27- million shares at 1.60...fine....how many shares traded back in October 2017 to bring MNKD up to $6.80something before the $6 offering? It was a significant multiple of 27 million .. The market for Afrezza is beyond huge. Wall Street is playing lots of games here knowing full well Afrezza's potential$$$$ MNKD is not going away and it's just a matter of time before all of us longs make big, big $$... depending on shares in one's account of course. I've said this before and I'll mention it again. When I first started on my Dexcom many years ago...7...-8--years?...can't recall...DXCM stock was $4.35+/-. I almost bought but didn't. I was a Dexcom user and still am. 2-years later DXCM was trading at $45. Where is it now? Take a look. ... I told a friend then when dxcm was $45), wouldacouldashoulda! I knew Dexcom was a game changer but didn't buy any. DUMB! Read the tea leaves. The ultra, ultra-silver-tongued naysayers are here to try and make these Wall Street criminals their millions$$$. JMHO! I did the same with Invisalign, I actually owned a bit of shares but got tired of waiting. That won't happen here. (I will just smile direct)
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Post by mytakeonit on Jan 18, 2019 0:43:52 GMT -5
Wow ... I did the same with my Mannkind stock. Wait, I still have those shares. Sorry, guess my dementia is kicking in again. I need more wine ...
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